Discover if selling through Purple Bricks is for you
Based in Solihull, Purple Bricks is a well-known online estate agents who claim they're number 1 at selling houses for 2 years running.
Purple Bricks offer a free home valuation from one of their local property experts, whether this be a letting property or a sales property. There's no obligation to go ahead with them after the valuation.
Their website claims that they get your house on the market in the fastest possible way.
Here's how you sell through Purple Bricks:
We'll buy your house in 7 days! No Stress, no hassle & a no obligation offer…
Purple Bricks charge a fixed fee rather than a percentage. For London and surrounding areas the cost is £1,499 inc VAT, for the rest of the UK they charge £999 inc VAT. But what's included and what's extra?
On an initial look, Purple Bricks is an attractive option as it offers a cheaper alternative for selling your house when compared to high street estate agents. But there is a reason behind why their service looks to be cheaper.
Unlike a ‘traditional’ estate agent, Purple Bricks won’t automatically cover your viewings for you and will charge you extra for this privilege. If you live in London or surrounding areas then you will be charged an extra £399, or £300 if you live outside of London.
You will also have to pay an extra £360 if you choose their ‘pay later’ option and don’t want to use their conveyancing service. Even if you choose the pay later option, you will still have to pay the fee, even if your house doesn’t sell. You will also have to pay extra if you wish to have advert upgrades.
Purple Bricks will offer no negotiation with their fees and no matter the price your house sells for, you will have to pay the same fixed fee. Some could say with there being no commission, Purple Bricks have no desire to get you the best price for your house.
Also, with Purple Bricks being an online estate agent, the ‘local property expert’ valuing your property could be covering a 30-40-mile radius, meaning their local knowledge of your area will be limited, which could mean the valuation for your property isn’t accurate.
Claiming they are the most reviewed estate agent ever, Purple Bricks have reviews on Trustpilot, Feefo, Reviews.co.uk and more:
*Reviews correct as of 14/10/2021
Completely FREE no obligation cash offer in 24 hours
If you're thinking of selling through Purple Bricks, take a look at our list of positives and negatives first:
✔ Great reviews on some platforms
✖ Unless you pay extra, you book and hold the viewings yourself
✔ Fixed selling fee; if your home is of higher value it can pay off
✖ Some review platforms rate them very poorly
✔ Flexible payment options
✖ You communicate with potential buyers yourself 24/7
Purple Bricks will offer you a ‘local property expert’ to value your property, who may not actually be from the local area and may cover a 30-40-mile radius, meaning their knowledge of your local area is limited, giving you an inaccurate valuation.
A high street estate agent, however, will be local to your area and so the estate agent who comes to value your property should have good local knowledge and be able to give you a fair valuation.
Purple Bricks will charge you a fixed fee, whereas a high street estate agent will work on a commission basis, meaning Purple Bricks will tend to end up a cheaper option. However, with Purple Bricks, you will have to pay the fixed fee regardless of whether your property sells or not, unlike high street estate agents where you will only pay if your property sells.
With both Purple Bricks and high street estate agents, there’s no guarantee your property will sell and you will have to deal with preparing your house for constant viewings, with no promise a viewing will turn into a sale.
At The Property Buying Company, we buy your home fast for cash. By fast, we mean we can complete within 7 days! We have zero fees, and we can even provide you with a solicitor at no charge. With us, you don't have the hassle of messages from potential buyers or holding multiple viewings. We are highly rated on both Trustpilot and Reviews.co.uk, and are regulated by The National Association Of Property Buyers and The Property Ombudsman. Getting a quote with us is easy, and we can buy your property in a timescale to suit you. If you're looking at selling through Purple Bricks, why not get a cash offer from us too?
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Our quick (but thorough) 5 step sale process means we can buy your house fast and at a great price
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We’ll visit your property & formalise our offer
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Exchange contracts & complete as usual
Why choose us as your cash house buyers?
We’re one of the leading we buy any house UK companies for residential/commercial property and land in England and Wales. We buy using our own cash house buying facility meaning we can offer the best prices in our industry and complete the sale quicker than anyone else.
|Your options||Average sale length||Typical cost to you|
|The Property Buying Company||2-3 weeks||£0.00|
|Other House Buying Companies||2-10 weeks||£1000|
|Property Auction||6-10 weeks||£2500-£5000|
|Online Estate Agents||16-52 weeks||£1000(upfront)-£5000|
|Estate Agents||16-52 weeks||£5000|
Unlike most of the other options available to you, we are not a broker or middle man, meaning you skip the fees and get a sale quickly and easily.
The Property Buying Company is registered with the Property Ombudsman and is a member of the National Association of Property Buyers
Properties bought by us
Of our own money spent buying
property for cash
Average time taken from initial offer
We'll beat any genuine cash offer!
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